Consumer credit card debt increases slowly
February 7, 2007
Today the Federal Reserve released the consumer credit report
for December. The report showed that the credit card debt
increased at its slowest rate in nearly nine months. Revolving debt
(credit cards, line of credits) increased at a annual rate of .8%
compared to a 13.8% increase in November. The modest
increase in December was expected as many analysts believed
consumers would slow their borrowing to rate more aligned with
income growth.
MasterCard reports 4th quarter profit, increases dividend
February 10, 2007
MasterCard announced that it had a fourth quarter profit of 41
million dollars, or 30 cents per share. Revenues for the forth
quarter were up 17.2% to $839 million partly due to an increase in
the number of transactions it processed. MasterCard processed
4.4 billion transactions in the forth quarter, an increase of 17.4%
from the same period last year. As of December 31, 2006, a total
of 817 million MasterCard cards had been issued, an increase of
12.3% over the cards issued at December 31, 2005. MasterCard
also announced that it will boost its dividend by 66.7% to 15 cents
per share.
Chase launches new Orvis Rewards Visa® Card
February 20, 2007
Chase Card Services and The Orvis Company have teamed up to
offer the Orvis Rewards Visa® Card. Orvis Rewards Visa® Card
cardholders will earn 5 points for every dollar they spend at Orvis
and will receive one point for every dollar they spend on all other
purchases. In addition cardholders will receive free regular
shipping on all Orvis Rewards Visa® card purchases. Orvis
Rewards Visa® Card cardholders will receive $25 in virtual Orvis
Rewards after accumulating 2500 points. The Orvis Rewards may
be applied towards their next purchase. The Orvis Rewards Visa®
Card also offers 2 different card designs, the Orvis Traditions
card and the Vintage Logo, that you can chose from.
Capital One unveils new cash reward credit card
February 28, 2007
Captial One announced its newest addition to its "No Hassle
Rewards" credit cards. The No Hassle Cash(TM) Rewards credit
card offers 1% cash back on all purchases as soon as the
account is opened. The cash reward card also offers a 25%
annual bonus on the total cash back earned for that year. What is
appealing about this card is that is lacks restrictions that many
cash reward cards have. The No Hassle Cash(TM) Rewards credit
card has no minimum cash redemption levels, no limit to earning
amounts and no spending minimums. In addition your rewards
may be redeemed for cash, gift card or credited to your statement
at any time.
February 7, 2007
Today the Federal Reserve released the consumer credit report
for December. The report showed that the credit card debt
increased at its slowest rate in nearly nine months. Revolving debt
(credit cards, line of credits) increased at a annual rate of .8%
compared to a 13.8% increase in November. The modest
increase in December was expected as many analysts believed
consumers would slow their borrowing to rate more aligned with
income growth.
MasterCard reports 4th quarter profit, increases dividend
February 10, 2007
MasterCard announced that it had a fourth quarter profit of 41
million dollars, or 30 cents per share. Revenues for the forth
quarter were up 17.2% to $839 million partly due to an increase in
the number of transactions it processed. MasterCard processed
4.4 billion transactions in the forth quarter, an increase of 17.4%
from the same period last year. As of December 31, 2006, a total
of 817 million MasterCard cards had been issued, an increase of
12.3% over the cards issued at December 31, 2005. MasterCard
also announced that it will boost its dividend by 66.7% to 15 cents
per share.
Chase launches new Orvis Rewards Visa® Card
February 20, 2007
Chase Card Services and The Orvis Company have teamed up to
offer the Orvis Rewards Visa® Card. Orvis Rewards Visa® Card
cardholders will earn 5 points for every dollar they spend at Orvis
and will receive one point for every dollar they spend on all other
purchases. In addition cardholders will receive free regular
shipping on all Orvis Rewards Visa® card purchases. Orvis
Rewards Visa® Card cardholders will receive $25 in virtual Orvis
Rewards after accumulating 2500 points. The Orvis Rewards may
be applied towards their next purchase. The Orvis Rewards Visa®
Card also offers 2 different card designs, the Orvis Traditions
card and the Vintage Logo, that you can chose from.
Capital One unveils new cash reward credit card
February 28, 2007
Captial One announced its newest addition to its "No Hassle
Rewards" credit cards. The No Hassle Cash(TM) Rewards credit
card offers 1% cash back on all purchases as soon as the
account is opened. The cash reward card also offers a 25%
annual bonus on the total cash back earned for that year. What is
appealing about this card is that is lacks restrictions that many
cash reward cards have. The No Hassle Cash(TM) Rewards credit
card has no minimum cash redemption levels, no limit to earning
amounts and no spending minimums. In addition your rewards
may be redeemed for cash, gift card or credited to your statement
at any time.
Credit News
February 2007
February 2007
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